Building Bars Imported from Georgia Called Low Quality
Georgia exports to Azerbaijan substandard rebar dangerous for construction. Such a statement was made in the local press by the leading steel company in Azerbaijan.
As published in the official newspapers of Azerbaijan that interviewed the owner and chairman of the Supervisory Board of the Company Baku Steel Company Rasim Mammadov, he said that acting in Georgia Rustavi Metallurgical Plant produces rebar, using waste once exported from Dashkesan mining and ore processing plant, as well as the cheapest iron compounds.
"RMP exports this rebar to Azerbaijan, taking advantage of low transportation costs, and offering the products at lower prices. If the products of this factory were qualitative, they would be exported to other countries, in view of the fact that Georgia has access to the World Ocean," said Rasim Mammadov.
According to the State Statistics Committee of Azerbaijan, but in 2012 it was exported from Georgia to Azerbaijan about 28,000 tons of reinforcement total customs value of $ 21.4 million Baku Steel Company, LLC does not provide information on the volume of domestic production, but only declares the production facilities, which are now reaching 770,000 tons. GCS Azerbaijan last published report on the nomenclature of the main types of manufactured goods in 2011, according to which the production of reinforcement reached 161,400 tons.
While the management of the Rustavi Metallurgical Plant has not responded to the allegations against them. The plant produces heat-resistant rebar with a diameter of 12-32 mm, corresponding A500S and A400C classes, as well as a smooth fitting of any length, the site says the company. Production of the valve corresponds to GOST 10884-94, GOST R 52544-2006 and DSTU 3760-2006. Customer-specific factory can manufacture fittings with British Standard BS 54449-2005. - 08B-
Economics
-
Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
-
According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
-
The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
-
"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
Leave a review